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Gold/Mining/Energy : South Pacific Resource (C.SHF)
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To: andy who wrote (1565)6/29/1997 4:46:00 PM
From: George Mousis   of 1980
 
The lastest proposals from the Indo government is the last straw for me. I will take my losses and move on
I dont see any hope for exploration in Indonesian given the investment climate.

Alot of juniors will simply go out of business after they burn their cash. The only thing these juniors have done lately is award themselves cheaper stock options(i.e Borneo Gold and Indomine come to mine). Watch out for change of names and stock consolidations that
that junior mining companies are famous for when the till drys up.

For those that believe Gold is bottoming(an endangered species these days), I would take a look at Bema Gold and Greenstone-both are current producers with good exploration prospects. TVX looks interesting too at these levels.

George
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